Bought ASML (ASML) $872
The basic takeaway is that ASML’s outlook for 2024 is unchanged. That may have been disappointing to some degree, but it appears to be a function of the fact that ASML took some production capacity offline to work on increasing capacity for next year.
ASML management reported that they were “fully booked” for this year, so that they couldn’t increase output even if demand increased. On the other hand, management were bullish for 2025 and expected revenue midway in their long term outlook of €30-40 billion.